Identity thieves are opportunistic and exploit vulnerabilities in individuals’ personal information security practices. Identity theft is more than a simple inconvenience. It’s a crime that can seriously complicate your life—potentially costing you time, money and opportunities.
According to the Federal Trade Commission (FTC) the number of reported cases of identity fraud in 2020 doubled in the United States. Each piece of information or account they gain access to can help them steal more. Unfortunately, signs of fraud can take weeks or months to reveal themselves, leaving us even more vulnerable.
Here are the best steps you can take if you have become a victim of identity theft:
If your case of identity theft has not been resolved to your satisfaction or you need help in this process, email us at firstname.lastname@example.org or call us at 1-800-822-7120. THD Credit can help.
The coronavirus pandemic is continuing to devastate Americans in many ways, including financially.
Losing a job or reduced hours can cause serious stress. However, applying for unemployment doesn’t mean your credit score will automatically drop unless you aren’t able to pay your bills.
Even if COVID-19 related unemployment does not affect you, now is still a good time to consistently check your credit report.
With increased purchase volume moving into online sales channels because of store closures, you share more personal information online and become more exposed to the possibility of fraud. With scammers looking for new victims during the crisis accessing your credit report is imperative.
The three credit bureaus – Equifax, Experian, and TransUnion are offering free weekly online reports through April 2021. Reviewing and understanding your credit report is a key part of being financially responsible. Credit reports show, in detail, all credit usage and payment activity related to an individual. If you see any fraudulent accounts or incorrect info this needs to be addressed immediately.
If you need help filing a dispute, protecting your accounts or have any questions at all, THD Credit is here to help! Just email email@example.com or call us at 800- 822-7120.
We know that staying safe, healthy and keeping your spirits high during this time can be a challenge and we hope we can bring a little comfort and peace of mind to you during this time.
If you or someone you know is in need of Protective Face Masks to keep yourself and others safe during this time, THD has secured a friends and family discount at www.sasomei.com.
Enter code: THDCREDIT at checkout to receive 10% off your order.
Orders ship out of Los Angeles within 1 business day. For additional information contact my long time friend firstname.lastname@example.org directly.
We are all in this together and we will get through this together.
The discovery of identity theft is bound to be a very anxious and stressful experience and it can certainly wreak havoc on your finances and credit. If you suspect identity theft, act quickly to minimize any negative consequences.
Here are 5 key steps to take to stop an identity thief in their tracks.
1) Put a fraud alert on your credit reports – To place a 90-day fraud alert on all three of your credit reports, you only need to contact one of the three credit reporting agencies (Experian,Equifax or TransUnion). When you place the initial alert, the agency will automatically notify the other two for you. Be sure to request a copy of your credit reports to ensure there aren’t any transactions you don’t recognize.
2) Call the fraud department at the companies and financial institutions where you know the identity thief used your personal information. Part of this step may include freezing your accounts that have been compromised. For example, If you know your credit card was stolen, report the theft to the credit card issuer. If your checkbook or debit card was stolen, contact your bank.
3) Contact the Federal Trade Commission (FTC). File an Identity Theft Affidavit and create an Identity Theft Report. The FTC will provide you with information about what to do next, depending on what type of fraud was committed.
4) File a police report. Contact your local law enforcement office and report the theft. Be sure to get a copy of the police report and/or the report number. Both your police report and the FTC Identity Theft Affidavit combine to create your Identity Theft Report.
5) Report identity theft to the Consumer Financial Protection Bureau by submitting a complaint. Your complaint helps law enforcement officials across the country in their investigations. Visit the CFPB’s website to find out more information on submitting an identity theft complaint.
Remember, identity theft can have a negative effect on your credit score. For instance, if a thief opens three new credit cards in your name, the inquiries can each lower your score, the credit card balances will affect your utilization ratio, and the payment history (or failure to pay) can have a big impact on your credit rating.
The key thing to remember is that identity theft hurts your credit the most when it goes unnoticed. Once you catch on, you can take steps to shut down fraudulent accounts and clean up your credit.
If you have questions or were a victim of identity theft and need help cleaning up your credit report, THD Credit Consulting can help. Click here to schedule a free consultation today.